Social Security Right To Know Act

Summary

Social Security Right To Know Act - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to require a certain annual report by the Board of Trustees of the Federal Old-Age and Survivors and Disability Insurance Trust Funds on the operation and status of such Funds to include information on: (1) the unfunded long-term projected liability of the Social Security system and any change in such amount from the preceding year as well as the deficit or surplus that the system will run in the last year of the long-term projection period, with any aggregate assets or liabilities held by the Trust Funds in that final projected year; and (2) the economic model and relevant data used to make such projections. Requires Social Security account statements to contain: (1) a comparison of the annual Social Security tax inflows to the amount paid annually in benefits; and (2) a statement of whether the ratio will result in a cash flow deficit, what year such deficit will commence as well as the first year in which funds in the Trust Funds will cease to be sufficient to cover the deficit, and the percentage of benefits due at that time that could be paid from annual tax inflows. Requires account statements also to explain the average rate of return that a taxpayer can expect to receive on old- age insurance benefits as compared to the total amount of Social Security taxes a taxpayer expects to pay. Makes Social Security Administration Continuous Work History Sample data publicly available for statistical research purposes subject to certain limitations.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 7 March 2001

   Introduced

   Introduced in House

   Source: IntroReferral

2. 7 March 2001

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

3. 7 March 2001

   Introduced

   Introduced in House

   Source: IntroReferral

4. 14 March 2001

   Referred

   Referred to the Subcommittee on Social Security.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 7 March 2001 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 7 March 2001

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 7 March 2001

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 7 March 2001

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Sununu, John E. [R-NH] · R · Sponsor
• Rep. Weller, Jerry [R-IL-11] · R · Sponsor
• Sen. DeMint, Jim [R-SC] · R · Sponsor
• Rep. Bartlett, Roscoe G. [R-MD-6] · R · Sponsor
• Rep. Doolittle, John T. [R-CA-4] · R · Sponsor
• Sen. Toomey, Patrick [R-PA] · R · Sponsor
• Rep. Calvert, Ken [R-CA-41] · R · Sponsor
• Rep. Shadegg, John B. [R-AZ-3] · R · Sponsor
• Rep. Ose, Doug [R-CA-3] · R · Sponsor
• Rep. Bass, Charles F. [R-NH-2] · R · Sponsor
• Rep. Foley, Mark [R-FL-16] · R · Sponsor
• Rep. Tancredo, Thomas G. [R-CO-6] · R · Sponsor
• Rep. Schaffer, Bob [R-CO-4] · R · Sponsor
• Rep. Cannon, Chris [R-UT-3] · R · Sponsor
• Sen. Chambliss, Saxby [R-GA] · R · Sponsor
• Rep. Green, Mark [R-WI-8] · R · Sponsor
• Rep. Cox, Christopher [R-CA-48] · R · Sponsor
• Rep. Souder, Mark E. [R-IN-3] · R · Sponsor
• Rep. Kolbe, Jim [R-AZ-8] · R · Sponsor
• Rep. Otter, C. L. (Butch) [R-ID-1] · R · Sponsor
• Sen. Kirk, Mark Steven [R-IL] · R · Sponsor
• Rep. Hart, Melissa A. [R-PA-4] · R · Sponsor
• Rep. Herger, Wally [R-CA-2] · R · Cosponsor
• Rep. Hilleary, Van [R-TN-4] · R · Cosponsor
• Sen. Moran, Jerry [R-KS] · R · Cosponsor
• Rep. Pitts, Joseph R. [R-PA-16] · R · Cosponsor
• Sen. Vitter, David [R-LA] · R · Cosponsor
• Rep. Ryan, Paul [R-WI-1] · R · Cosponsor
• Rep. Myrick, Sue Wilkins [R-NC-9] · R · Cosponsor
• Rep. Goode, Virgil H., Jr. [R-VA-5] · I · Cosponsor
• Rep. Johnson, Sam [R-TX-3] · R · Cosponsor
• Rep. Largent, Steve [R-OK-1] · R · Cosponsor
• Rep. Putnam, Adam H. [R-FL-12] · R · Cosponsor
• · hswm00 · Standing

Related records

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